Financial Toxicity and Its Effects on Diabetes Management

Diabetes is more than just a health condition—it can also cause significant financial strain. In the United States, individuals with diabetes often face medical costs that are twice as high as those without the condition, contributing to what’s known as “financial toxicity.” This term describes the economic burden and the stress that patients experience when managing their condition, and it can lead to difficult decisions about care. Unfortunately, the inability to afford necessary treatments can exacerbate health issues, particularly for low-income individuals.

A recent study explored financial toxicity in people with diabetes by using the COST-FACIT tool to identify distinct classes of financial stress. We found three major groups: high, medium, and low financial toxicity. Those in the high financial toxicity group were more likely to face a range of challenges, including greater diabetes distress, multiple comorbidities, and a higher number of medications. Additionally, these individuals were more likely to engage in harmful cost-related coping behaviors, such as skipping doses or delaying healthcare visits due to financial concerns.

The Affects on Diabetes Care

High medical costs can cause patients to delay or skip essential diabetes care, leading to poorer health outcomes. The financial strain often forces patients to make difficult choices, such as forgoing necessary medications or doctor visits, which can ultimately worsen their condition.

Help Through Support Systems

Integrating tools like the COST-FACIT into clinical practice can assist healthcare providers in identifying patients at high risk of financial toxicity. Support systems, including financial counseling and help with navigating treatment options, can ease the burden and improve diabetes management, leading to better overall health outcomes.

Understanding and addressing financial toxicity is crucial for improving the overall health outcomes of individuals with diabetes. If you’re interested in learning more about how financial stress impacts diabetes management and the tools that can help identify at-risk patients, click here to read the full article.